Farm Business Management -- Reports -- Minnesota STATEWIDE

	Avg. Of
	All Farms	Low 20%	20 - 40%	40 - 60%	60 - 80%	High 20%

Number of fields	40	6	5	6	6	13
Number of farms	32	6	5	6	5	6

Acres	153.90	59.05	108.40	285.75	98.97	128.19
Yield per acre (cwt)	15.19	11.14	13.93	14.99	15.24	17.71
Operators share of yield %	100.00	100.00	100.00	100.00	100.00	100.00
Value per cwt	10.09	9.47	9.51	9.88	10.67	10.45
Total product return per acre	153.33	105.52	132.53	148.09	162.65	185.11
Miscellaneous income per acre	0.89	-	-	2.34	2.50	-
Gross return per acre	154.22	105.52	132.53	150.43	165.14	185.11

Direct Expenses
Seed	16.89	16.57	22.08	14.15	23.00	14.50
Fertilizer	29.87	40.50	23.19	32.25	28.20	26.45
Crop chemicals	14.49	13.20	17.19	17.80	14.32	10.88
Crop insurance	6.27	4.59	6.83	5.94	5.89	6.53
Fuel & oil	9.35	10.59	7.83	10.88	10.01	9.06
Repairs	13.23	18.31	18.86	12.14	12.21	12.32
Custom hire	3.96	10.46	2.45	4.31	6.04	4.23
Machinery & bldg leases	0.13	2.23	-	-	-	-
Operating interest	2.73	1.06	1.39	5.39	3.32	0.51
Miscellaneous	0.41	0.06	-	1.30	0.28	0.04
Total direct expenses per acre	97.32	117.57	99.83	104.17	103.27	84.50
Return over direct exp per acre	56.90	-12.06	32.70	46.26	61.87	100.61

Overhead Expenses
Custom hire	2.51	1.93	2.25	3.28	0.97	0.61
Hired labor	3.72	1.81	1.94	5.63	8.66	3.66
Machinery & bldg leases	1.47	0.61	3.15	3.36	0.48	0.19
RE & pers. property taxes	3.58	2.50	3.78	4.96	3.68	3.16
Farm insurance	2.26	2.22	1.18	2.62	4.55	1.49
Utilities	1.92	2.09	2.18	2.14	1.96	1.98
Dues & professional fees	1.02	0.87	1.33	1.22	2.65	0.58
Interest	13.14	7.97	19.17	13.72	22.88	4.06
Mach & bldg depreciation	11.06	7.72	12.49	7.46	18.02	15.34
Miscellaneous	1.49	1.03	2.62	1.67	2.17	1.13
Total overhead expenses per acre	42.18	28.75	50.08	46.06	66.03	32.21
Total dir & ovhd expenses per acre	139.50	146.33	149.91	150.23	169.30	116.72
Net return per acre	14.72	-40.81	-17.38	0.20	-4.15	68.40

Lbr & mgt charge per acre	14.44	15.55	19.07	15.26	13.40	15.46
Net return over lbr & mgt	0.28	-56.36	-36.45	-15.06	-17.56	52.94
Government payments	29.12	23.65	30.84	28.13	30.63	29.72
Net return with govt payments	29.40	-32.71	-5.61	13.07	13.07	82.66

Cost of Production
Total direct expense per cwt	6.41	10.55	7.16	6.95	6.78	4.77
Total dir & ovhd exp per cwt	9.18	13.14	10.76	10.02	11.11	6.59
With labor & management	10.13	14.53	12.13	11.04	11.99	7.46
Total exp less govt & oth income	8.16	12.41	9.91	9.01	9.82	5.79

Est. labor hours per acre	1.89	2.18	2.04	2.13	2.21	1.56